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Markets News

Puma reports better-than-expected sales and profit rebound

BERLIN, Oct 28 (Reuters) - German sportswear firm Puma reported a strong rebound in third-quarter sales and earnings as stores reopened after coronavirus lockdowns and as consumers take up more sport during the pandemic and wear more casual clothes while working at home.

Puma said sales rose a currency-adjusted 13% to 1.583 billion euros ($1.87 billion)and operating profit increased 17% to 190 million, beating average analyst forecasts for 1.56 billion and 174 million euros respectively. ($1 = 0.8461 euros) (Reporting by Emma Thomasson Editing by Michelle Adair)

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